Musk's Companies Solidify Position as Major Corporate Bitcoin Holders

SpaceX and Tesla, two prominent tech companies led by Elon Musk, have made significant investments in Bitcoin, ranking them among the top corporate holders of the cryptocurrency.

According to data from BitcoinTreasuries, the combined holdings of both companies total approximately 30,221 Bitcoins, valued at around $2.3 billion at current market prices.

This places them fifth among public companies worldwide in terms of their Bitcoin holdings, behind MicroStrategy, Block.one, Marathon Digital Holdings, and Hut 8 Mining Corp.